No disbursement yet from BB-launched stimulus package
Bangladesh, Sept. 12 -- A government stimulus package worth Tk 600 billion for giving a shot in the sagging economy's arm remains unused even over three months after the central bank launched the massive financing scheme, sources say.
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The Bangladesh Bank came up with the financing scheme on May 22 last in line with the new government's election manifesto promising to create 2.5 million jobs through reinvigorating Bangladesh's slowing private-sector-led economy with vibrant business activity.
But the progress in releasing the funds appears not satisfactory as the banking regulator verbally instructed the banks to disburse at least one-fourth of the package within this September, according to central and commercial bankers....
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